Nostrum Oil & Gas (GB:NOG) has released an update.
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Nostrum Oil & Gas PLC has announced significant growth in its reserves after an independent evaluation confirmed the commercial viability of its Stepnoy Leopard fields in Kazakhstan, with a fivefold increase in their reserves base. The development of these fields is expected to notably enhance the utilization of the company’s leading 4.2 bcma gas processing facilities and substantially boost its cash flows by approximately $220 million. This milestone aligns with Nostrum’s strategy to amplify shareholder returns and strengthen the country’s energy security.
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